iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Short Interest Update

iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) was the recipient of a large drop in short interest during the month of February. As of February 13th, there was short interest totaling 17,531,973 shares, a drop of 21.9% from the January 29th total of 22,460,064 shares. Currently, 3.6% of the shares of the stock are sold short. Based on an average trading volume of 9,458,085 shares, the days-to-cover ratio is currently 1.9 days. Based on an average trading volume of 9,458,085 shares, the days-to-cover ratio is currently 1.9 days. Currently, 3.6% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Elevated Capital Advisors LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF in the fourth quarter valued at about $25,000. Grey Fox Wealth Advisors LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF during the third quarter valued at about $27,000. IFC & Insurance Marketing Inc. purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 4th quarter valued at approximately $28,000. Balentine LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter worth approximately $29,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter worth approximately $29,000. 81.48% of the stock is currently owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of IEF opened at $97.99 on Monday. iShares 7-10 Year Treasury Bond ETF has a 1-year low of $92.79 and a 1-year high of $98.05. The company has a market capitalization of $47.86 billion, a P/E ratio of -22.00 and a beta of 0.26. The firm’s 50 day simple moving average is $96.39 and its 200 day simple moving average is $96.54.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were given a dividend of $0.312 per share. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 3.8%.

iShares 7-10 Year Treasury Bond ETF Company Profile

iShares 7-10 Year Treasury Bond ETF (the Fund) is an is an exchange-traded fund. The Fund seeks to track the investment results of an index composed of the United States Treasury bonds with remaining maturities between seven and ten years. The Fund seeks to track the investment results of the Barclays U.S. 7-10 Year Treasury Bond Index (the Underlying Index), which measures the performance of public obligations of the United States Treasury that have a remaining maturity of greater than or equal to seven years and less than ten years.